9AT: VIVO CAPITAL, LLC

other names

VIVO CAPITAL, LLC
VIVO CAPITAL LLC
VIVO VENTURES, LLC

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 06/18/2014
Other registrations (2)	SEC, ERA - Withdrawn, 05/21/2014 California, ERA - Withdrawn, 05/21/2014
ADV Location	PALO ALTO, CA, United States
Contact Info	650 xxxxxxx
Websites

AUM^*	6,095,582,206 5%
of that, discretionary	6,095,582,206 5%
Private Fund GAV^*	6,521,082,389 16%
Avg Account Size	380,973,888 -2%
SMA’s	No
Private Funds	25 4

Adviser Type

- Large advisory firm

Number of Employees 62 -14%

of those in investment advisory functions 32 -26%

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

SEC Fund Type	Count	GAV
Fund TypePrivate Equity Fund	Count8	GAV$3,594,258,384
Fund TypeSecuritized Asset Fund	Count1	GAV$49,776,202
Fund TypeVenture Capital Fund	Count8	GAV$679,959,489
Fund TypeOther Private Fund	Count8	GAV$2,197,088,314

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser CLOSED LOOP CAPITAL MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund166.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund42.0m	Other Fund172.4m	Total Private Fund GAV422.4m	AUM466.4m	#Funds13
Adviser ATHOS PRIVATE WEALTH LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund11.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund63.3m	Other Fund6.2m	Total Private Fund GAV144.1m	AUM268.5m	#Funds48
Adviser WESTRIVER MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund158.2m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund282.0m	Other Fund104.2m	Total Private Fund GAV826.4m	AUM444.4m	#Funds33
Adviser FOUNDERS CIRCLE CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund204.4m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund1.5b	Other Fund-	Total Private Fund GAV3.2b	AUM1.7b	#Funds35
Adviser CINCYTECH, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund47.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund112.4m	Other Fund-	Total Private Fund GAV272.5m	AUM-	#Funds7
Adviser NEW GROUND VENTURES	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund61.2m	Other Fund-	Total Private Fund GAV122.4m	AUM-	#Funds2
Adviser LBO FRANCE	Hedge Fund-	Liquidity Fund-	Private Equity Fund544.9m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund682.6m	Other Fund-	Total Private Fund GAV1.9b	AUM-	#Funds53
Adviser BELIADE	Hedge Fund-	Liquidity Fund-	Private Equity Fund17.6m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund98.8m	Other Fund16.7m	Total Private Fund GAV232.0m	AUM-	#Funds27
Adviser HIVEMIND CAPITAL PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund394.8m	Other Fund-	Total Private Fund GAV789.7m	AUM468.2m	#Funds14
Adviser CARBON DIRECT CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund440.7m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund848.9m	Other Fund-	Total Private Fund GAV2.1b	AUM729.6m	#Funds11

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker29479A108	Stock NameErasca Inc	$ Position$196,610,946	% Position16.00%	$ Change470.00%	# Change31.00%
Stck Ticker74006W207	Stock NamePraxis Precision Medicines	$ Position$109,188,580	% Position9.00%	$ Change13.00%	# Change3.00%
Stck Ticker880881107	Stock NameTerns Pharmaceuticals Inc	$ Position$70,350,517	% Position6.00%	$ Change-67.00%	# Change-75.00%
Stck Ticker89532M101	Stock NameTrevi Therapeutics Inc	$ Position$60,779,389	% Position5.00%	$ Change-5.00%	# Change0.00%
Stck Ticker23306J309	Stock NameDBV Technologies SA	$ Position$55,725,516	% Position5.00%	$ Change18.00%	# Change8.00%
Stck Ticker20454B104	Stock NameCompass Therapeutics Inc	$ Position$50,495,515	% Position4.00%	$ Change-1.00%	# Change0.00%
Stck Ticker78397T202	Stock NameSAB Biotherapeutics Inc	$ Position$43,738,600	% Position4.00%	$ Change2.00%	# Change0.00%
Stck Ticker87583X109	Stock NameTango Therapeutics Inc	$ Position$45,077,998	% Position4.00%	$ Change136.00%	# Change0.00%
Stck TickerP8696W104	Stock NameSinovac Biotech Ltd.	$ Position$38,192,410	% Position3.00%	$ Change0.00%	# Change0.00%
Stck Ticker221015100	Stock NameCorvus Pharmaceuticals Holdings	$ Position$41,049,088	% Position3.00%	$ Change139.00%	# Change26.00%

Brochure Summary

Overview

A. Vivo Capital LLC (“Vivo” or the “Firm”), formerly known as Vivo Ventures, LLC and BioAsia, LLC, is a California limited liability company. Vivo has been in business since 1996 and has been a registered investment adviser since 2014. Vivo serves as an investment adviser to pooled investment vehicles (each, a “Fund” or a “Client” and collectively the “Funds” or “Clients”)1. Vivo’s Funds are reported on Form ADV 1A. An affiliate of Vivo serves as the general partner (or similar managing body) of each Fund. Vivo currently has over 40 investment professionals based both in the U.S. and in Greater China. Vivo’s principal owner is Dr. Frank Kung. B. Vivo is a global healthcare investment firm that focuses on finding and building value in healthcare companies. Vivo invests in both public and private healthcare companies. Vivo is affiliated with entities that serve as the general partners (or similar capacity with regards to entities formed in other jurisdictions) to each of the Funds (each, a “General Partner” and, collectively, the “General Partners”) and each of the Funds is controlled by its respective General Partner. The following is a list of each of the General Partners of the Funds: General Partners:
• Vivo Ventures VII, LLC

• Vivo Ventures Cayman VII (GP), L.P.
• Vivo Capital VIII, LLC
• Vivo Panda, LLC
• Vivo Opportunity, LLC
• Vivo Asia Opportunity, LLC
• Vivo Capital IX, LLC
• Vivo Capital IX (Cayman), LLC
• Vivo Innovation II, LLC
• Vivo Capital X, LLC C. The investment focus and risks of the Funds are more particularly described in each Fund’s offering and governing documents. These guidelines may provide for limits on the size, concentration, geography, type of security and/or terms of the Fund’s investments. The Firm does not tailor its advisory services to individual investors in its Funds. D. The Firm does not participate in wrap fee programs. 1 “Fund” or “Client” means a private investment fund to which Vivo provides investment advice and/or invests on a discretionary basis. The individuals and other persons that invest in the Vivo private investment funds are generally referred to herein as “investors.” Unless otherwise expressly stated herein, the terms “Fund” and “Client” do not include “investors.” E. As of December 31, 2023, Vivo managed $5,809,839,447 in client assets on a discretionary basis. Vivo does not manage any client assets on a non-discretionary basis.

VIVO CAPITAL, LLC

Adviser Profile

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